Cannot save FTP location in Integration Builder or the Administration Console Follow

Symptom
When attempting to set the location for an FTP cloud storage location, the Host box always turns red and won't save the information for use:
Environment
2016 Integration Builder and Administration Console
Fix/Answer
Remove the protocol (ftps or the like) as well as the following /.
BarTender will insert those for you and know which type of FTP you're using depending on the type selected beneath the host name.
More Information (optional)
There is a REQ out to make this clearer: https://seagull/jira/browse/REQ-1474